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Cost of Living in Tazewell County

Is it better to rent or buy in Tazewell County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$82,388
$978/mo

Median in area: $978

$178,308

Median in area: $178,308

$35,662

If you Rent

🔑
$1,203 /mo
Base Rent$978
Est. Utilities$225
% of Income17.5%
Pre-tax Residual$5,663

If you Buy

🏠
$1,596 /mo
P&I (7.187%)$967
Taxes & Ins$404
Est. Utilities$225
% of Income23.2%
Pre-tax Residual$5,270

Compare Nearby Areas

See how Tazewell County stacks up against neighboring areas.

countyLogan County, IL
$830/mo
countyMcLean County, IL
$1,045/mo
countyMason County, IL
$768/mo
countyWoodford County, IL
$1,021/mo
countyPeoria County, IL
$1,018/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Tazewell County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Tazewell County. The estimated all-in monthly cost for renting is $1,203, while owning a median-priced home with a 20% down payment is roughly $1,596 per month (a difference of $393).

How much do utilities cost in Tazewell County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Tazewell County is approximately $225. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Tazewell County?›

To comfortably afford the median rent and utilities in Tazewell County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,120 per year.